05-25: Carl's Jr, KFC, O'Reilly, Burger King, Shopping Centers

Welcome new investors.  Each property has a brief description and a flyer (attached).  For a full marketing brochure, please email to maria@transmercial.com.  Previous lists are posted on Transmercial’s blog after 2 weeks delay. Please click here to see how Transmercial selects the following properties among 300-400 properties between $700K-$20M on the market today (please advise if you are interested in properties above $20M).  Underlined phrases if any indicate safe hyperlinks that you can click for more info.

AHI: Avg. Household Income.  National average is about $50+K/yr.

NOI: Net Operating Income.  It’s the income after all expenses (prop taxes, ins., maintenance) paid.

NNN: Triple net lease in which tenants pay taxes, insurance and maintenance expenses.

NNN-: Triple net lease with landlord responsible for roof and structure.  Used by Transmercial only.

1.       Carl’s Jr in Del City, OK: 2844 SF brand new restaurant on .88 ac lot right next to I-40 exit in Oklahoma City.  New 20 yrs absolute NNN lease from an operator with 30+ units.  NOI $120K/yr. with 10% rent bump every 5 yrs.  $1.72M. 7% cap.

2.       Strip Center in Baldwin Park, CA: 7000 SF strip center built in 2004 on an outparcel to a Wal-mart next to I-10 in densely populated with over 550K residents in 3 miles ring.  100% NNN leased to Wells Fargo and Sprint.  NOI $281K/yr.  $3.877M. 7.25% cap.

3.       KFC in Omaha, NE: 2784 SF newly-remodeled KFC on .8 acre lot in front of a grocery anchored shopping center in well-off area (AHI $93K/yr).  New 20 yrs absolute NNN lease to an operator with 64 units.  NOI $90K/yr. $1.161M. 7.75% cap.

4.       O’Reilly Auto Parts in Cedar Rapids, IA: 7000 SF O’Reilly built in 2001 on 1.03 ac corner lot.  Long term NNN corp lease.  NOI $75K/yr. $975K. 7.75% cap.

5.       Burger King in Knoxville, TN: 3495 SF Burger King on 1.06 acres lot.  20 yrs NNN lease to an operator with 12 units.  NOI $80K/yr with 8% rent bump every 5 yrs.  $1.029M. 7.75% cap.

6.       Short-sale Shopping Center in San Dimas, CA: 148,958 SF shopping center built in 1986 on 16 acres lot near Fwy 57 exit in middle-class Los Angeles area.  60% occupied.  NOI N/A.  $17.5M.  Priced below loan balance of $20M.  Just $117/SF!

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